Now-defunct Korean entertainment news website IdolWow! was founded and run by Omid Scobie, better known these days as cheerleader to the Duchess of Sussex.
No singalongs, no high-fives with the band, and please try to keep the squeals of joy to yourself. A strange new reality greeted live audiences at a New Year s Eve concert in Seoul after a long pandemic hiatus.
BTS label Big Hit is buying a $63m stake in rival K-Pop company YG
January 27, 2021
BLACKPINK
Big Hit Entertainment, the K-Pop powerhouse behind BTS, has revealed its intention to invest 70 billion won (approximately $63m) in rival K-Pop company YG Entertainment.
Seoul-based YG Entertainment, founded by Yang Hyun-suk in 1996, has worked with K Pop superstars like BLACKPINK, BIGBANG, 2NE1, and Psy.
In 2018, Universal Music Group and Interscope announced a global deal to represent YG Entertainment’s biggest artist, girl band BLACKPINK, outside of Asia.
Yonhap News Agency, the deal will see Bang Si-hyuk-led Big Hit, and its subsidiary beNX, invest 30bn won and 40bn won, respectively, in YG’s merch and distribution affiliate, YG Plus.
Koury Angelo for Rolling Stone; Toni Anne Barson/Wireimage
As reported by Korea’s Yonhap News Agency, Big Hit Entertainment, the K-Pop powerhouse behind BTS, has revealed its intention to invest 70 billion won (approximately $63 million) in rival K-Pop company YG Entertainment. The deal will see Bang Si-hyuk-led Big Hit, and its subsidiary beNX, invest 30 billion won and 40 billion won, respectively, in YG affiliate YG Plus.
Variety reports that this investment gives Big Hit and beNX a combined 17.9% stake in YG Plus.
Seoul-based YG Entertainment, founded by Yang Hyun-suk in 1996, has worked with K Pop superstars like Blackpink, Bigbang, 2NE1, and Psy. Yang Hyun-suk left the company in June 2019.